Illinois Real Estate Exam Prep FINANCING Questions and Answers 100% Verified

Illinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% Verified VA Loan - ANSWER-A loan backed by the U.S. Department of Veterans Affairs which offers veterans and service personnel the opportunity to buy a home with favorable terms, often with no down payment requirement Warehousing - ANSWER-A mortgage company collecting loans prior to resale In deciding whether or not to make a specific home loan, a lender would consider which of the following factors most important - ANSWER-The degree of risk A purchaser negotiates a mortgage loan in which she will make equal monthly payments over a period of 30 years, with the balance of the loan being zero at the end of that term. The purchaser has negotiated a... - ANSWER-Fully-amortized loan Which lender is the major source for junior loans negotiated today? - ANSWER-Private lenders